BlackRock Inc Chief Executive Larry Fink said on Wednesday that there appear to have been 'misbehaviors' by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future.
Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson/File PhotoChief Executive Larry Fink said on Wednesday that there appear to have been "misbehaviors" by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future.
He made the comments at an event hosted by the New York Times DealBook, adding he believes that most crypto firms "are not going to be around" in the future.precipitous collapseBlackRock invested $24 million in FTX through a billionaire fund it manages, he said.
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